Key Takeaways:
Donald Trump reaffirmed his claim that he will make the U.S. a hub for the digital asset sector during a conference on Wednesday.
Bitcoin hovered around $97,000 as of Thursday morning.
Trump says he wants the U.S. to “stay at the forefront of everything” – including cryptocurrencies.
President Donald Trump restated his claim that he intends to make the United States a global “crypto capital” at the Future Investment Initiative Institute conference—financed by Saudi Arabia’s sovereign wealth fund—in Miami on Wednesday night.
Donald Trump Delivers Future Investment Initiative Institute Keynote
“Bitcoin set multiple all-time record highs because everyone knows that I’m committed to making America the crypto capital,” Trump said.
“We want to stay at the forefront of everything, and one of them is crypto,” he continued. “Miami seems to be at the center of the action, come to think of it, and maybe it’ll stay there.”
Trump widely campaigned on enacting crypto-friendly regulations in the lead-up to the 2024 U.S. presidential election and previously called for making the U.S. a hub for the blockchain sector as a whole.
“The United States will be the crypto capital of the planet and the Bitcoin superpower of the world,” he told audiences at the Bitcoin 2024 conference in Nashville last summer.
Meanwhile, Bitcoin continued its plateau following its dramatic post-election rally, lingering at a little over $97,000 as of Thursday morning.
The former reality television star seems to have shifted his stance on digital assets in recent years, after declaring on X in 2019 that crypto was a scam.
“I am not a fan of Bitcoin and other cryptocurrencies, which are not money and whose value is highly volatile and based on thin air,” he wrote at the time.
Will Trump’s Crypto Agenda Lead to Lasting Industry Growth?
Donald Trump’s approach to cryptocurrency has been anything but conventional.
From launching his family’s World Liberty Financial platform to assembling a national crypto policy group, his administration has placed digital assets at the center of its economic agenda.
Yet, questions persist over whether these moves signal genuine industry support or political posturing.
The rollout of his meme coin, TRUMP, just before his inauguration only deepened the controversy.
Its sharp price drop fueled skepticism about its legitimacy, with critics arguing that spectacle alone cannot drive meaningful industry growth. They emphasize that a thriving crypto sector requires clear, stable regulations—not market theatrics.
Beyond U.S. borders, Trump’s shift from campaign rhetoric to tangible policy decisions could carry major global weight.
American regulatory choices often set precedents worldwide, influencing how other nations adopt and oversee digital assets.
As Washington’s stance on crypto solidifies, international markets will be watching closely.
With Bitcoin hovering near all-time highs, expectations for regulatory clarity have never been greater.
Whether Trump’s administration fosters real progress in the sector depends on follow-through—both in legislative action and market stability.
If his policies establish a foundation for long-term crypto adoption, they could mark a defining moment in financial and technological leadership on the global stage.
The post Donald Trump Reaffirms Plan to Make U.S. the Global “Crypto Capital” appeared first on Cryptonews.
